Bitcoin

Bitcoin Daily: Thailand Will Add Crypto To AML Laws, Mastercard Looks To Fill Roles For Wallet, Crypto Offerings

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Thailand’s anti-money laundering regulator has revealed plans to add cryptocurrency to the country’s laws.

Police Maj. Gen. Preecha Charoensahayanon, secretary general of the Anti-Money Laundering Office, said that while his agency hasn’t received any specific complaints about crypto, he believes that digital currencies “will be a tool of new money laundering.”

“We may not find any clue, but that doesn’t mean the wrongdoing does not occur,” he explained, according to CoinDesk.

Thailand is a member nation of the Financial Action Task Force (FATF) — an international money-laundering regulator — and Charoensahayanon added that the changes would be in line with international standards on crypto exchange service providers.

In other news, Mastercard appears to be building its blockchain team with a slew of new hires.

CoinDesk reported that the payments giant has posted several job openings on its career website, looking for a senior blockchain engineer and engineering lead, director for product development and innovation, vice president for product management and director of product management for cryptocurrency and wallets.

Other senior roles include vice president of network tech product management, director of payments platform and networks, senior analyst for strategic program management and others.

For example, the director of product management for cryptocurrency and wallets will be expected to “lead the ideation, definition, design, and development of innovative crypto currency solutions, including wallet solutions,” and have an experience in this field. In addition, the wallet director will be in charge of Mastercard’s patent portfolio and filing new patent applications.

“Do you have the courage to look into the eyes of disruptive forces without fear, and maneuver them to your advantage?” the job posting asks. “Do you have the desire to work at the cutting-edge intersection of payments and crypto-currencies? Do you have the ambition to build something which you can narrate to your grandchildren?”

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